FEEDBACK 360 LTD

Company Registration Number:
10996895 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

FEEDBACK 360 LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FEEDBACK 360 LTD

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

George McGraffin
Jonathan Bentley


The director shown below has held office during the period of
1 January 2023 to 8 November 2023

Richard Lucas


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 February 2024

And signed on behalf of the board by:
Name: George McGraffin
Status: Director

FEEDBACK 360 LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 178,631 171,918
Cost of sales: ( 25,966 ) ( 111,740 )
Gross profit(or loss): 152,665 60,178
Administrative expenses: ( 361,183 ) ( 640,512 )
Other operating income: 7,000
Operating profit(or loss): (208,518) (573,334)
Interest receivable and similar income: 29 19
Interest payable and similar charges: ( 2,145 ) ( 1,558 )
Profit(or loss) before tax: (210,634) (574,873)
Tax: 50,182 70,311
Profit(or loss) for the financial year: (160,452) (504,562)

FEEDBACK 360 LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 5,832 8,747
Total fixed assets: 5,832 8,747
Current assets
Debtors: 4 7,726 132,272
Cash at bank and in hand: 6,144 57,137
Total current assets: 13,870 189,409
Creditors: amounts falling due within one year: 5 ( 59,614 ) ( 75,694 )
Net current assets (liabilities): (45,744) 113,715
Total assets less current liabilities: (39,912) 122,462
Creditors: amounts falling due after more than one year: 6 ( 13,638 ) ( 20,929 )
Total net assets (liabilities): (53,550) 101,533
Capital and reserves
Called up share capital: 770,533 676,832
Profit and loss account: (824,083 ) (575,299 )
Total Shareholders' funds: ( 53,550 ) 101,533

The notes form part of these financial statements

FEEDBACK 360 LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: George McGraffin
Status: Director

The notes form part of these financial statements

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 25% on reducing balance

    Other accounting policies

    TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current or deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measuredusing tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other futuretaxable profits.Hire purchase and leasing commitmentsRentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 5 5

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 18,231 18,231
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 18,231 18,231
Depreciation
At 1 January 2023 9,484 9,484
Charge for year 2,915 2,915
On disposals
Other adjustments
At 31 December 2023 12,399 12,399
Net book value
At 31 December 2023 5,832 5,832
At 31 December 2022 8,747 8,747

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 806 113,277
Other debtors 6,920 18,995
Total 7,726 132,272

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 32,233 8,951
Trade creditors 19,504 22,921
Taxation and social security 7,877
Other creditors 43,822
Total 59,614 75,694

FEEDBACK 360 LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 13,638 20,929
Total 13,638 20,929